Head of Internal Audit, Finance

Arlo Hotels an independent lifestyle hotel is now actively seeking a dynamic Director of Finance. Provides leadership, direction, support, training, development, and supervision to the Finance Department and responsible for its day-to-day smooth operation. Responsible for accounting and financial requirements of the hotel and will provide financial support, analysis and advice to the GM and the hotel team to take the business forward. The individual will ensure that procedures in other areas of the hotel comply with Arlo Hotels Financial Policies & Procedures. The individual will work closely and liaise with all other departments, particularly revenue generating and cash handling areas.

Responsible to the Balance Sheet and ensuring it is in line with the company’s policy

Supervises the daily activities of all accounting team member and ensures team member evaluations are prepared for all direct reports bi-quarterly

Monitors time and attendance records of all accounting team member

Supervises the archiving of accounting records and coordinates the disposition of records listing

Maintains accurate accounting records and assists in producing financial reports for the hotel

Ensures that the balance sheet is an accurate reflection of the hotel’s assets and liabilities

Assist in developing best practices for financial accounting and control procedures

Financial Reporting and Analysis as requested by the Corporate Office or Ownership

Manages cash flow and maintains the hotel bank accounts

Ensures proper use and maintenance of financial IT systems, including adequate

Analyzing daily revenues and auditing revenue adjustments

Ensure that all guest issues/complaints receive prompt action and follow up

Ensure effective communication between the hotel and the client in regards to billing and collection

Ensure that operating costs are properly managed by department heads and in line with forecast and projected revenue to protect GOP

Maintain a framework of internal controls, which will adequately protect the assets, liabilities, revenue & costs and record in a monthly checklist

Utilize key performance indicators and benchmarking to assist in the performance of the hotel and how it can be improved

Facilitate regularly scheduled Credit Meeting with management

Ensure collection of payments due to the hotel

Accounting Functions

Owners, Home Office, and Department Heads

Reviews, approves and signs the following on a timely basis, ensuring that the correct supporting documentation is attached and immediate remedial action is taken where appropriate:

Petty Cash vouchers

Accounts Payable reports

Checks numerical sequence control register

Co-ordinates internal and external audits. Internal Audit Requirements

Reviews latest month end, Trial Balance and investigates any material items not covered elsewhere in the Audit Programs, vouching to support documentation. Also, check that all clearance accounts are being “zeroed out” monthly and that no unusual entries appear

Quarterly audits on all Inventory items

From time to time conducts “audits” of accounting team member to ensure that jobs are being performed in accordance with company policy. Submits report to Director of Finance, which will be used during the team member’s evaluation process

Education/Experience: Any combination of education and experience providing the required skill and knowledge for successful performance would be qualifying Typical qualifications would be equivalent to:

• University Bachelor’s Degree/Diploma
• 5-8 Years in a Controller / Director of Finance Position
• Previous experience in the Hospitality industry or another accounting role is an asset
• Knowledge of Opera (PMS), Micros (POS), Microsoft Excel, ADP and Oracle Fusion is an asset